Eighty percent of the leading commercial property/casualty insurance brokers say the federal Terrorism Risk Insurance Act (TRIA) should be extended when it expires at the end of 2005, according to a survey released today by the Council of Insurance Agents …
To no one’s surprise Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and similar high ratings on various AIG operating companies. It also said that the outlook on …
Standard & Poor’s Ratings Services announced that it has “affirmed its ‘A’ long-term junior subordinated debt rating on U.K.-based Legal & General Group PLC’s (L&G; AA-/Stable/A-1+) GBP400 million ($727 million) fixed-rate, undated, reset subordinated notes, following receipt of final documentation.” …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Sompo Japan Insurance Co. of America (SJA; A+/Stable/–) to stable from negative. S&P said the “outlook revision followed Standard & Poor’s revision of its outlook on SJA’s …
In a speech to Italian insurance leaders in Milan yesterday, Lloyd’s Chairman Lord Peter Levene addressed industry problems, and sounded a distinctively positive note on Lloyd’s prospects. “Last year, the Lloyd’s market reported record profits of almost 1.3 billion euros …
A combination of heat, pressure and explosives was used last February to blow to smithereens the baseball involved in a play that some Cubs fans say cost their beloved team a trip to its first World Series in 58 years. …
Schaumburg, Ill.-based commercial lines insurer Zurich North America announced that Thomas Bradley will become chief operating officer of finance and administration and chief financial officer of its North American commercial operations. John McCartney, the current CFO, has announced his plans …
Houston-based HCC Insurance Holdings Inc. announced its 31st consecutive quarterly cash dividend. The company reported that its Board of Directors declared a regular quarterly cash dividend of $0.0750 per share on the company’s shares of $1.00 par value common stock. …
Oklahoma State Senate President Pro Tempore Cal Hobson announced the Senate Judiciary Committee will not hear House Bill 2619, which addresses the state’s workers’ compensation system. Without a hearing in the committee, the measure is effectively dead. According to the …
Mississippi Chief Deputy Fire Marshal Millard Mackey and members of his staff recently participated in a two-day workshop designed to address the problem of juvenile fire setting, one of the reportedly fastest-growing segments of intentionally-set fires. “The number of fires …
